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  2. Can a seller back out of a real estate contract? - AOL

    www.aol.com/finance/seller-back-real-estate...

    Taking advantage of attorney review: Many contracts include an attorney review period. This time, usually just a few days, gives either party the chance to back out of the contract if their lawyer ...

  3. Refinance appraisal: How it works and what to expect - AOL

    www.aol.com/finance/refinance-appraisal-works...

    Appraisal fees are included in the closing costs a borrower pays. The median cost of a house appraisal is $500, according to a 2022 survey by the National Association of Realtors. However, the tab ...

  4. Real estate appraisal - Wikipedia

    en.wikipedia.org/wiki/Real_estate_appraisal

    Real estate appraisal, property valuation or land valuation is the process of assessing the value of real property (usually market value). Real estate transactions often require appraisals because every property has unique characteristics. The location also plays a key role in valuation.

  5. Real estate contract - Wikipedia

    en.wikipedia.org/wiki/Real_estate_contract

    But it is possible for a real estate contract not to have any contingencies. Some types of contingencies which can appear in a real estate contract include: Mortgage contingency – Performance of the contract (purchase of the real estate) is contingent upon or subject to the buyer getting a mortgage loan for the purchase. Usually such a ...

  6. Closing (real estate) - Wikipedia

    en.wikipedia.org/wiki/Closing_(real_estate)

    Before the closing happens, the settlement agency must ensure that all the money that the lender and buyer expect to send into escrow matches the total amount expected by parties that need to be paid, such as the seller and real estate agents. This matching process means that accounting information is gathered and the order is “balanced.” [8]

  7. Uniform Standards of Professional Appraisal Practice

    en.wikipedia.org/wiki/Uniform_Standards_of...

    There has been cooperation between TAF and the International Valuation Standards Council (IVSC) over an extended period. In June, 2006, the IVSC and TAF jointly issued a memorandum of understanding (MoU), called the "Madison Agreement", in which they pledged to work together toward the goal of reconciling the differences between the two sets of ...

  8. Refinance appraisal: How it works and what to expect - AOL

    www.aol.com/finance/refinance-appraisal-works...

    Bankrate’s take:An appraisal can help you, the homeowner, too.By providing a current valuation of your home, an appraisal can come in handy if you contemplate selling your property. If your home ...

  9. How much does a home appraisal cost? - AOL

    www.aol.com/finance/much-does-home-appraisal...

    By law, appraisals are required to be independent and objective. An appraiser will conduct a visual inspection of the home and look at recent home sales in the area, known as comparables or comps ...

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